帮主郑重：4000点是压力位还是起点？中长线答案藏在这

Core Viewpoint - The recent market fluctuation around the 4000-point mark is seen as a potential starting point for a long-term upward trend rather than a peak, contrasting with the market conditions of 2015 [3][4]. Market Valuation - The current valuation of the CSI 300 index is at a price-to-book ratio of 1.5 times, significantly lower than the 2.5 times seen in 2015, indicating less inflated valuations and more room for growth [3]. - The total market capitalization relative to GDP is currently at 85%, compared to 115% in 2015, suggesting a healthier market environment [3]. Market Behavior - The market has experienced a strong upward trend for nearly 150 trading days since April 7, with only minor fluctuations, indicating a robust market despite the recent volatility around the 4000-point level [3]. - Short-term adjustments in a long-term bull market are normal and can be beneficial, allowing for a more stable market environment [3][4]. Investment Strategy - Long-term investors are encouraged to remain focused on their strategies and not be swayed by short-term market fluctuations, as these can create opportunities for better entry points during corrections [4]. - The current market conditions present a chance to invest in quality stocks with reasonable valuations and strong earnings support, especially if a market correction occurs [4].